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Din758

Lidstrom Signs 1-Year Contract Extension

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Words from Ken Himself...

..."I get to watch him every day," general manager Ken Holland told the team's official Web site. "I still think that Nick is the premier two-way defenseman in the world. There might be some players maybe a little bit more productive, offensively, but I think when you factor in how good Nick is defensively, how he played the last half of the year, certainly the last 30 games … I still think we have one -- if not the -- best defensemen in the world. It's a great day for Red Wings' fans."....

....Sounds accurate to me :thumbup:

Xitium likes this

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Maybe he didn't want to kick the guy most responsible for the Wings' success the past 15 years in the balls.

Why does money have to be the only way that the organization can show its immense gratitude and respect for this particular person? Haven't the fans of Detroit demonstrated just how much they do in fact appreciate his balls over the past 18 seasons? It just seems like in these troubled financial times, especially in the state of Michigan, it would be incredibly uplifting for the fans to see another championship before the darkness comes. I know that there are no guarantees when it comes to the Stanley Cup, but it couldn't have hurt to have another million in cap available.

$6.2 is beyond fair for the organization and its something Lids can live with. That's most likely where that number came from....not some personal need to be the highest paid. It never was. Besides, if that were the case he'd be making $6.7+ next season given Datsyuk's salary. The "Lidstrom Cap" was awarded to him from Kenny for his financial sacrifices, not something Lids enforced.

How do you know that? I don't doubt it, it just seems like an unsubstantiated statement.

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Meh when it comes to the deal.

Lidstrom is worth a lot but I was hoping for like a 4 mil deal.

I can dream, can't I?

Well I think it's safe to say that many of us were hoping for Lids to sign for roughly $4 million - however I'd rather have him at $6 million - $6.2 million (or whatever) rather than lose him to retirement.

While he may not be the #1 Dman in the league - how many other Dmen have been as consistent as he has, or provide what he continues to bring game in, and game out?

I too wish he had signed for less, but a Red Wings with Nick Lidstrom > Red Wings without Nick Lidstrom.

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One of them will have a Norris Trophy and a one of them will most likely have a Stanley Cup ring. The most recent Norris Trophy and most recent Stanley Cup, which are the most important in determining their current value.

If you think that Lidstrom is still worth over 10 million dollars a year, fine. I won't ever be able to change your mind. But from where I'm sitting, the best defenseman this year and probably most years from this point forward, a 25 year old kid, just signed a contract that will take him into and throughout the prime of his career for a 5.5 million dollar cap hit. He did it because he loves the city and his team and because he wants to compete for the championship as often as is possible with the current salary cap. Duncan Keith will undoubtedly sacrifice more salary throughout his career than Lidstrom has. That's called character.

Keith is not and will never be more valuable than Lidstrom is in his career. That's called being one of the best defenseman to ever play the game.

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i knew he would come back, and i agree with ken saying that lidstrom is still the best defensemen in the league. people that are dissapointed with his contract need to take a rain check.

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I'm certainly happy he came back, but i too am a little disappointed in the cap number.

For me, it has nothing to do with how much he's worth. It's about how much we have. If we had a ton of space I'd be fine with him taking $10 or $12 million. But we don't. We now need a decent cap raise to get back basically the same team from last year, some small changes for the better, but also everyone a year older.

AUTO-GENERATED CAPGEEK.COM LINES

FORWARDS

Pavel Datsyuk ($6.700m) / Henrik Zetterberg ($6.083m) / Johan Franzen ($3.955m)

Valtteri Filppula ($3.000m) / Jiri Hudler ($2.875m) / Daniel Cleary ($2.800m)

Kris Draper ($1.583m) / Mattias Ritola ($0.517m)

DEFENSEMEN

Nicklas Lidstrom ($6.200m) / Brian Rafalski ($6.000m)

Brad Stuart ($3.750m) / Niklas Kronwall ($3.000m)

Jonathan Ericsson ($0.900m) / Jakub Kindl ($0.883m)

GOALTENDERS

Chris Osgood ($1.417m) / Jimmy Howard ($0.717m)

CAPGEEK.COM TOTALS

(these totals are compiled using the bonus cushion)

ROSTER: 16; CAP: $56.8m; PAYROLL: $50.380m; CAP ROOM: $6.420m BONUSES: $0.000m

$6.42 + whatever cap increase to sign five forwards and a defenseman. Helm, Homer, Abby, and Eaves/Miller should be the priorities, and will probably cost around $4.5-5 million. That would leave ~$3-4 million for the last two spots. At best, not really enough for meaningful improvement. That's Bert and Lilly w/maybe a little deadline wiggle room. Add another $1.2 or 1.7 to that and it might just have been enough to pull in a defensemen like Michalek or a forward like Frolov.

That's why I'm disappointed.

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After reading the comments that some of you have left regarding Lidstrom re-signing for next year I'am actually embarrassed to be associated with you. Have you been so spoiled over the past 15 years that the fact that Holland signed our best player to a $1.2 mill discount is hurting the team? The way i see it the only way our team could be worse next year is if Lidstrom retired or asked for more than he made last year. He could have demanded the league max and forced Holland to tear the team apart to sign him, because he is worth the league max. He could have retired and the wings could hope that they find his replacement in the draft sometime in the next....30 years, players like him come around once every generation or so and the fact that he played for the wings his entire career is a blessing. If you guys don't want the best player of the past 20 years there are 29 other teams that will gladly take him off our hands even at 40 y/o. Had he retired could we had a shot a getting Kovi? sure, but last time i checked Kovi doesn't play 28 min/game and wont shut down the other teams best players every game. Lidstrom has the kind of impact on games that Crosby and Ovechkin have and Holland signed him for close to $3 mill less than those guys are getting. I'am thanking the Hockey gods everyday(alot today)for allowing the wings to have players like Lidstrom, Zetterberg, and Datsyuk because every other team had a shot at drafting these guy and the wings could have the success that the Florida Panthers has had. Those of you that are complaining I want you to go root for the Panthers or the Thrashers next year so you can be humbled and because you don't deserve to be associated with the Red Wings. You are the reason that every other fan base can't stand us thinks we are entitled to everything. Could he have signed for 4 or 5 million? yes, but the fact that he still want to play and still wants to play for the wings is worth 6.2 million dollars. If you want to call him up and pay him 2 million out of your own pocket so he could sign for 4 mill im sure he would take you up on it.

Thank you for reading my rant and if you are very happy that Lids is just coming back and that you think Holland will work his magic and the wings will be a cup contender next year then this was not about you, i still have respect for you and if you are ever in Wyoming you are welcome to come watch a wings game at my house. :champs: <-- in 2011

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Im overjoyed to have Nick back, but still for so much is disappointing. I love him, but how are the Wings supposed to get better when we'll barely be able to retain our current team that was ousted in the 2nd round of the playoffs. Hopefully we wont have the same injury trouble and maybe that'll change our fortunes, who knows. Excited to see the rest of the moves Kenny makes this offseason.

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Let me answer that for you now.

Yes.

im just as spoiled but i understand that what the wings have done in the last 15 years is very special and it will end some day, Lidstrom retiring will have a HUGE impact on that so im happy that we will have at least another year of a cup continting team to root for

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Good post, although I would caution you on taking some posters too seriously :hehe: .

Remember that the people that aren't happy are usually much louder then the people who are :D

Konnan511 and Vladifan like this

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Good post, although I would caution you on taking some posters too seriously :hehe: .

Remember that the people that aren't happy are usually much louder then the people who are :D

i try not to but sometimes i cant resist, plus it seems like more people are upset about it than relieved so i just needed to get that rant out

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im just as spoiled but i understand that what the wings have done in the last 15 years is very special and it will end some day, Lidstrom retiring will have a HUGE impact on that so im happy that we will have at least another year of a cup continting team to root for

No, I understand where you're coming from. The team is better with him than we will be without him, and I think some of these people bitching need to realize that. When he retires, and it'll more than likely be after next season, our team is screwed. We don't have any young, up-and-coming defensemen we can start phasing in so his absence won't be as difficult to take. The opposite happened when Steve retired -- we had Hank and Pavs among others, to help bridge that gap. Right now, we've got no one.

The fact he DIDN'T retire and didn't leave us in the lurch is something no one is addressing. I wonder why. Oh right -- $$$$$$$$$$$$$$$$$$$$$$$$$$$

HankthaTank and Vladifan like this

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Meh when it comes to the deal.

Lidstrom is worth a lot but I was hoping for like a 4 mil deal.

I can dream, can't I?

Yes you can, but you should probably stop dropping so much acid.

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The fact he DIDN'T retire and didn't leave us in the lurch is something no one is addressing. I wonder why. Oh right -- $$$$$$$$$$$$$$$$$$$$$$$$$$$

You're implying that the only reason he didn't retire is the cash? His sole motivation in life is money?

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It's funny though, on every other board/hockey related website, they say something like "he's still a very good d man but 6million+ at 40years old, i thought he would take a discount"

Only on LGW most approve this contract and embrace it with open arms... but maybe that's because ya'll see something in him that others don't...

"Nicklas Lidstrom won the Stanley Cup in '02. He won the Cup in '08. I don't know how many Norris trophies he's won, but throughout that entire time, throughout the entire decade, where he's only missed a handful of games, he was the Red Wings' best player. He's one of the top defensemen on both ends of the rink. He's got really good instincts, and he's incredibly skilled. He's a really, really intelligent hockey player. Nick is your best player in training camp. He's your best player in preseason. He's your best player in the regular season. He's your best player in the playoffs. I'm not sure what else he could do."

- Steve Yzerman

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You're implying that the only reason he didn't retire is the cash? His sole motivation in life is money?

:blink: :blink:

I'm saying the reason no one is talking about how much his absence would hurt the team is because they're too busy talking about money.

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:blink: :blink:

I'm saying the reason no one is talking about how much his absence would hurt the team is because they're too busy talking about money.

Alright. It was a strangely-worded statement, I didn't see what you meant. Nevermind.

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My thoughts.....

Could Lidstrom have gotten $7-8 million on the open market? Yes.

Is he worth the $6.2 contract he signed for today? Yes.

Am I dissapointed he didint take more of a pay cut to make room for additional and much needed depth when he himself said he's returning to win another SC? Yes.

Edited by wingsownnhl43

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Talking with Lidstrom during the Tigers game right now...

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I agree with you on Nick being underappreciated by Red Wings fans throughout his career. With that said,how much longer am I going to have to hear about how Nick is our best player? When will the Rosey Colored Wings fans acknowledge that he has declined even a little bit??

I may be splitting hairs here, but to me, Pavel has without a doubt surpassed him as our best player.

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First off I would like to remind everyone that Nick Lidstrom is NOT the best Dman in the league now. Anyone who thinks so has a serious bias towards the wings. Is he still good? Yes. However, he got exposed this year and while i think he can do better, i don't think he is worth 6.5 million.

Howard has proved capable, Sammy was a solid role-player and not too much more and Holland is looking to add a Drake-type player to the fold. No one's underestimating what those guys did. You're just not factoring into the mix what they'll have next year to replace them.

Howard proved capable this year. But who is to say he will next year. A lot of times rookie goalies play well their first year and then struggle the next. Look at Tim Thomas (who i realize wasn't a rookie). He won the veizna and then lost his starting job. It's not guarenteed that Howard will be good next year.

I think NeverForgetMac has brought a lot of proper perspective to this duscussion. Allow me to expanded upon his original retorts.

What is honestly fueling this argument? The fans that are upset regarding the terms of Lidstrom's contract prescribe primarily into 1 of 3 possible ideologies - or some combination thereof.

1) "He should have taken less for the betterment of the team" - The Hometown Discount Clause

Okay, certainly there has been some precedence of this. However, lets shape this argument in a more appropriate context. Lets say you are a factory line worker for General Motors. You've worked and dedicated the prime years of your life to the betterment of the company at the sacrifice of your physical health and meaningful time with your family. You are the most senior member of your assembly team and have the added responsibility of leadership which is rightfully deserved and are considered one of the finest, if not the very best at what you do. You are the receipient of countless company commendations and your pension is securly set for retirement. At this point in your career, you have nothing left to prove and look forward to a life of leisure that is well deserved.

Now, you have worked yourself to the point where you gross $70,000.00 a year. You plan to retire but the company and management at General Motors has asked you to return because they respect you and the quality of the work that you produce. And ask you to come back for another year at $60,0000 - or roughly a 14% pay cut. A person of your quality is not easily replaced, and you are rewarded for you years of dedicated, unfallable service by taking a reduced salary to do everything that you were asked to do for the last 40 years.

Basic Labor Economics states - The Marginal Utility of Free Time Expontentially Increases the Less You Have Time you Have. That is, as each additional hour you work - your free time becomes more valuable because you have less of it - and thus more money is needed to incentivize you to sacrifice your free time. Hence, the concept of Overtime. If you only have 10 hours of free time a week - you protect those hours pretty fiercly and it would take an increase in rate to convince you to work.

So, if you were this Assembly line worker - would you take a 14% pay cut when the value of your free time (your retirement) dictates that an increase in salary is needed for you to sacrifice an additional year?

The obvious response is "Well, it's different for the every day worker because he's a Millionaire! He doesn't need the money!"

Yes, it's true - he is not hurting financially. But he also doesn't have any additional skills besides hockey. He had no trade or schooling to speak of - so what we does now is the money that he receives for the rest of his life unless he takes some type of organizational position in hockey. Assuming he lives to the mid 80's - that means he must live for the next 45 years off the money that he has accumulated - that is a massively long retirement horizon. As your retirement horizon increases - so does uncertainty. Take for instance the crisis of 2007 - Sergei Federov lost over $43M to fraudlent investment and market fluctuations. Or the average American who had their savings and pensions crushed by overextending debt by the financials or the liquidity crunch that followed?

What's Lidstrom going to do? Car commercials? Puck Signings? Lidstrom's decision to take a couple of million more may seem "greedy" to someone who doesn't have a net worth of $10M - but he is also doing his best to secure his and his family's financial future for the next four decades and every cent counts.

Like NeverForgetMac says - It's easy to tell someone else to take less money when it's not you.

Lidstrom's decision - and I don't believe it was monetarily motivated (even though he would be very justified in doing so) - is because he loves Detroit and respects the organization. Concurrently, the Detroit Red Wings value his contribution and all that he had done for them and rewarded him with his salary request - because of all that he has done for them and not insult him with petty contract negotiations. What is tragic, is that despite all this man has done for this organization and how much he has contributed to the joy for being a Red Wing fans - there are those who question his motivations and unfairly accuse him of being selfish for not "sacrficing" more.

To be continued...

Where's your motivation to come back? Is this general motors worker trying to win a championship? No. I'm sorry but this is still a bad comparison. The GM worker is asked to come back to help them make more money and run the company smoothly. Nick Lidstrom is asked to come back to help win a championship.

Right, cuz living with (we'll say) 30 million is so much different then living with 28 or 27. Lidstrom and his family are set for life. I'm pretty sure they can live off of a multi million bank account.

All in all I also am pretty disappointed with the value. I think Nick needs to be back to 2008 form to be worth his 6.5 or whatever million dollars. I just don't understand the thought process that goes in to these players when coming back. Do you wanna make money or win a cup? if you wanna win, take a cut.

F.Michael likes this

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I agree with you on Nick being underappreciated by Red Wings fans throughout his career. With that said,how much longer am I going to have to hear about how Nick is our best player? When will the Rosey Colored Wings fans acknowledge that he has declined even a little bit??

I may be splitting hairs here, but to me, Pavel has without a doubt surpassed him as our best player.

I see him as our best player based on how much the team would suffer if that player were not playing, the wings would be much worse without lidstrom. the loss of pav would hurt alot but lidstrom means much more to the team. Brodeur isnt the best player on NJ, parise is, but when he retires nobody will be able to replace what he has done for the devils

Edited by Wings4Life19

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